New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-20
MISCELLANEOUS RAILWAY INTELLIGENCE.

MISCELLANEOUS RAILWAY INTELLIGENCE.
CHICAGO March TO- Judge Gresham heard the motion
of the NewYork New England and Western Investment
Company in the suit Of Messrs Short and Watson for
an order on E. b. Martindale, receiver TO dismiss the
suit brought by him in the Michigan Federal Court
against tho Pontiac Oxford and Port Austin Railroad
Company The receiver filed report that had taken
testimony showing that the officials OF the investment
company diverted 100000 Of the trust funds OF the
company 10 build the railroad, and that he tberei0re
filed the bill in cbancery against tue road. Judge
Gresham held that the receiver was JUSTIFIED IN pfneDg
the SUIT and that the Michigan Court would undouDt
edly justice zone. He decided that MessTs shoi
aud Watson must IN twenty days ME bond to pay an
the costs already incurred anu 10 DO WcFou i'll '"o
cases here and III Miehigab.
dispatch from Detroit says: The report is cur
rent here that s. r. Galloway general manager OF the
Union Pacific has lost his post on
The railroads leading east from Chicago are heavily
cutting rates for graz. esa d rn Inc re Ps
dclphia with rebate. and the Vanderbilt lines at once
sonv"ept to the Pennsyivs1ias rate counting the
established derental OF cents between the TWO cities
The Baltimore and Ohio Is Understood 10 De making
15-cent rate to Baltimore.
IyprANAPoIIs March 10. j udge Gresham has Tade
an order IN the 'suit the Central Trust Company OF
New York against the Lake Erie ana Western Railroad
Company Oyerrulng the exceptions OF the plsnth to
the masters report relating 10 the claims OF the Joliet
Steel Company The order sustains the exceptions OF
the Joliet Steel Comp to dislowance OF interest
The report relating tho principal Of the claim ana its
spporionlnent is confirmed. Out OF the proceeds OF the
sale of the Lafaye Boonn gton and Munce division
Principal aud s7ose Of interest," are be paid the
steel company OF this total $652oS Ia there Is 70 no
chareeabe the nrsroad s43534 40 aud 10 the Lake
Erie and Western Sis.966 %. The balance of the
clam s27O2 &C. the court nIed az an equitable charge
ON the Sandusky division and directed the steel Com
pany to ply 10 the United states Court OF Northern
Ohio for payment
PHILADELPHIA, March 10 tspecan.The officials of the
Pennsy Railroad Company announced this after
noou that their tariffs TO take effect under the
Int ofa (amm wi he mi
March 25
The bituminous and anthracite producers will not at
tempt TO carry into effect any compact combination
governing their production until the Interstate Commerce
bill has been put into effect The Penn ana Read
ing companies have agreed upon tolls 10 be charged on
btuminous coal under the Interstate Commerce BILL
SAN FRANCISCO, March l9.-t Ii stated good
authority the transfer to the Southern Pacific Com
pany OF the Oregon and Califoi mia Railroad running
from The southern border line VI Oregon TO Portland
Oregon. has been made The terms are not yet asceI
tsinable.
BAN FRANCISCO. March 19-Regarding the statement
autographed last night that the Oregon and California
Railway had been transferred to the Southern Pacific
Company Colonel Charles f. Croker. vice president Of
The latter company to-day said: "The transfer OF
Dragon and California Railway into the possession Of
Pacific Witch ,h viii be
about April l. The made some months ago In
NewYork by Mr. Huntington and the agents OF the bond
ned"
81 LOUIS March ia dispatch from Jefferson City,
No. says: All interest in the legislative proceedings
oxy centred the action In tho Senate on the Railroad
bin. Tho measure under consideration was the House
yubsttuts for the Senate BILL ana after spirited debate
Inc measure dropped BY vote OF 10 yeas 10 I'D nays
Dsss any regulating railroads wthnthe State during
this session